Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

O’Reilly Automotive Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Cash and cash equivalents	67,060)	253,904)	191,546)	362,113)	449,302)	631,618)	610,880)	465,640)	1,627,098)	872,423)	287,067)	40,406)	42,804)	55,809)	56,717)	31,315)	40,019)	36,868)	38,525)	46,348)	37,287)	26,528)	27,539)
Accounts receivable, net	338,122)	330,672)	305,358)	272,562)	282,883)	273,148)	265,914)	229,679)	243,192)	243,660)	221,167)	214,915)	224,033)	262,227)	250,680)	192,026)	242,692)	241,142)	224,386)	216,251)	219,631)	203,673)	195,651)
Amounts receivable from suppliers	135,584)	123,112)	99,016)	113,112)	110,882)	113,174)	114,697)	100,615)	90,341)	86,513)	83,446)	79,492)	76,107)	77,750)	66,452)	78,155)	83,237)	78,950)	78,232)	76,236)	79,491)	61,876)	71,157)
Inventory	4,137,945)	4,005,384)	3,845,881)	3,686,383)	3,646,988)	3,647,413)	3,622,201)	3,653,195)	3,527,495)	3,528,683)	3,556,723)	3,454,092)	3,348,631)	3,262,426)	3,228,901)	3,193,344)	3,139,621)	3,091,719)	3,052,748)	3,009,800)	2,987,592)	2,959,315)	2,872,646)
Other current assets	82,045)	86,800)	81,580)	70,092)	72,154)	72,994)	73,947)	50,658)	45,315)	53,206)	53,397)	44,757)	32,914)	42,361)	46,896)	48,262)	54,462)	52,038)	52,520)	49,037)	34,480)	38,197)	38,540)
Current assets	4,760,756)	4,799,872)	4,523,381)	4,504,262)	4,562,209)	4,738,347)	4,687,639)	4,499,787)	5,533,441)	4,784,485)	4,201,800)	3,833,662)	3,724,489)	3,700,573)	3,649,646)	3,543,102)	3,560,031)	3,500,717)	3,446,411)	3,397,672)	3,358,481)	3,289,589)	3,205,533)
Property and equipment, at cost	7,291,681)	7,160,583)	7,046,707)	6,948,038)	6,874,639)	6,767,596)	6,651,068)	6,559,911)	6,497,065)	6,403,936)	6,314,339)	6,191,427)	6,053,306)	5,885,507)	5,761,729)	5,645,552)	5,512,325)	5,384,634)	5,292,431)	5,191,135)	5,114,804)	5,035,242)	4,935,126)
Accumulated depreciation and amortization	(2,947,861)	(2,878,170)	(2,810,080)	(2,734,523)	(2,672,954)	(2,603,442)	(2,538,171)	(2,464,993)	(2,424,168)	(2,365,453)	(2,305,695)	(2,243,224)	(2,182,599)	(2,131,156)	(2,085,019)	(2,058,550)	(2,010,392)	(1,949,750)	(1,902,668)	(1,847,329)	(1,822,123)	(1,805,844)	(1,760,476)
Net property and equipment	4,343,820)	4,282,413)	4,236,627)	4,213,515)	4,201,685)	4,164,154)	4,112,897)	4,094,918)	4,072,897)	4,038,483)	4,008,644)	3,948,203)	3,870,707)	3,754,351)	3,676,710)	3,587,002)	3,501,933)	3,434,884)	3,389,763)	3,343,806)	3,292,681)	3,229,398)	3,174,650)
Operating lease, right-of-use assets	2,109,581)	1,965,941)	1,976,018)	1,982,478)	2,011,115)	2,028,329)	2,041,096)	1,995,127)	1,913,897)	1,926,270)	1,935,295)	1,928,369)	1,908,931)	1,895,099)	1,886,364)	—)	—)	—)	—)	—)	—)	—)	—)
Goodwill	881,102)	881,299)	881,773)	879,340)	878,872)	881,207)	879,466)	881,030)	873,717)	872,997)	910,141)	936,814)	808,259)	808,391)	808,717)	807,260)	789,178)	789,104)	789,104)	789,058)	787,210)	786,938)	785,568)
Other assets, net	142,769)	138,164)	142,590)	139,112)	135,504)	137,296)	129,789)	125,780)	109,999)	106,300)	52,982)	70,112)	60,338)	43,529)	40,125)	43,425)	43,572)	42,035)	41,379)	41,349)	40,956)	39,773)	37,973)
Noncurrent assets	7,477,272)	7,267,817)	7,237,008)	7,214,445)	7,227,176)	7,210,986)	7,163,248)	7,096,855)	6,970,510)	6,944,050)	6,907,062)	6,883,498)	6,648,235)	6,501,370)	6,411,916)	4,437,687)	4,334,683)	4,266,023)	4,220,246)	4,174,213)	4,120,847)	4,056,109)	3,998,191)
Total assets	12,238,028)	12,067,689)	11,760,389)	11,718,707)	11,789,385)	11,949,333)	11,850,887)	11,596,642)	12,503,951)	11,728,535)	11,108,862)	10,717,160)	10,372,724)	10,201,943)	10,061,562)	7,980,789)	7,894,714)	7,766,740)	7,666,657)	7,571,885)	7,479,328)	7,345,698)	7,203,724)

Total assets exhibited a sustained upward trajectory over the analyzed period, growing from approximately $7.20 billion in March 2017 to $12.24 billion by September 2022. This expansion is driven primarily by steady increases in inventory and net property and equipment, alongside a significant structural change in non-current asset reporting during the first quarter of 2019.

Current Asset Composition and Trends: Inventory represents the most substantial component of current assets, demonstrating consistent growth from $2.87 billion in March 2017 to $4.14 billion in September 2022. This steady climb indicates a continuous expansion of operational scale and stock levels. Net accounts receivable also followed a growth pattern, increasing from $195.7 million to $338.1 million, while amounts receivable from suppliers showed more volatility, ending the period higher at $135.6 million compared to $71.2 million at the start.
Liquidity and Cash Volatility: Cash and cash equivalents remained relatively low and stable, typically under $60 million, until March 2020. A significant liquidity surge occurred during 2020, with cash holdings peaking at $1.63 billion in September 2020. Following this peak, a gradual reduction in cash reserves was observed, returning to $67.1 million by September 2022, suggesting a temporary capital accumulation followed by strategic deployment or repayment.
Non-Current Asset Development: Net property and equipment grew steadily from $3.17 billion to $4.34 billion, reflecting consistent capital expenditure. A major reporting shift occurred in March 2019 with the recognition of operating lease right-of-use assets, which added approximately $1.89 billion to the balance sheet; these assets remained relatively stable, fluctuating between $1.91 billion and $2.11 billion through September 2022. Goodwill experienced a modest increase from $785.6 million to $881.1 million over the period.
Overall Asset Structure Analysis: The growth in total assets was characterized by two distinct phases: a gradual organic increase from 2017 to early 2019, and a sharp jump in total asset value in 2019 due to the adoption of new lease accounting standards. From 2020 onward, the asset base was further influenced by temporary spikes in liquidity and a continued, disciplined increase in core operational assets like inventory and fixed equipment.

O’Reilly Automotive Inc. (NASDAQ:ORLY)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

O’Reilly Automotive Inc. (NASDAQ:ORLY)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data